Let’s say that you and your wife finally got all your estate planning ducks in a row. You met with an attorney, had your questions answered, and when all the dust settled, you had a carefully-crafted last will and testament. But that was several years ago. A few things have changed in your life, and…
A question that our estate planning attorneys get asked a lot is, “what’s the difference between an executor and an administrator?” It’s understandable to see so much confusion over these two terms. After all, both generally perform similar duties. Below is a brief breakdown of the difference between an executor and an administrator. Executor vs.…
When it comes to estate planning, most people have a general idea of what a trust is and what it can do for them and their family. Essentially, having a carefully-crafted trust in place allows for the legal transfer of your property and assets to a trustee, who then manages the property for the trust’s…
While no one likes to think about a time when they are no longer around, estate planning is one of the most important things you can do for your family. At Nelson Law Group PC, we help you plan while contemplating and protecting your family’s needs. We also believe in educating our clients, which is…
Estate planning can look and feel like a double-edged sword for a lot of people. On the one hand, they know getting a plan in place sooner rather than later is one of the most important things they can do. On the other hand, talking about death is a touchy subject, and when you add…
One of the biggest estate planning mistakes to avoid is neglecting it altogether. Without some sort of plan in place, you and your family can lose control over everything from how your assets are distributed to who will care for precious loved ones. Luckily, we find that this scenario is rarely what our clients want…
Financial Power of Attorney. Having a carefully-crafted estate planning strategy in place is one of the most important things you can do for your family. Granted, having open conversations about what to do when you are incapacitated or no longer around may not be the first thing you thought about when you woke up this…
Probate: What it is and why people try to avoid it Most people will tell you the only thing you need to know about probate is that you should avoid it at all costs. But they rarely answer with specifics when you ask why, simply adding, “Trust me; you don’t want to go there.” Geez;…
Estate Planning: A conversation you shouldn’t neglect No one likes to think about the day when they are no longer around to enjoy their family, pursue their dreams, and relax with the people they love most. For many older adults, the topic of their own mortality is so painful that they refuse to discuss it…
Eight Benefits To Getting Your Will Done Now – The purpose of a last will and testament is to allow a person to detail out in writing how they wish to have their assets distributed upon their death. It is a crucial piece to estate planning, as it eliminates the threat of having the family…